S&P 500 ETF Assets Deteriorate 17% in 2002

April 14, 2003 (PLANSPONSOR.com) - Assets in Exchange Traded Funds (ETF) based on the S&P 500 decreased 17% in 2002.

The 17% decline is tempered when compared to the overall decrease of 23% recorded by the S&P 500 in 2002, a difference attributed to a 39% increase in S&P 500 ETF inflows in 2002, according to the results of Standard & Poor’s annual survey of assets linked directly to the company’s US indices.

Similarly, other indexes experienced gains. The mid-cap and small-cap indices had inflows of 22.2% and 43.5%, respectively.

Further, the annual survey tracked for the first time ETF assets linked to the S&P ADR Index, which totaled over $300 million. The S&P ADR Index is a new index, introduced in late 2002, tracking foreign stocks that have eligible ADR programs or listings on US markets.  

Also the survey provided data for new combinations of the S&P 1500 SuperComposite index components such as the S&P 900 (S&P 500 + S&P MidCap 400) and the S&P 1000 (S&P MidCap 400 + S&P SmallCap 600).

Based on the 2002 survey responses from asset managers and plan sponsors, S&P estimates that approximately 90% of the total S&P indexed assets market share was captured.   Not included in the results are active funds or assets that are benchmarked to S&P indices for performance measurement.

Complete survey results are available on the S&P Indices area of  www.standardandpoors.com .